The move could be a huge cash drain for the sector which is currently free from maintaining these reserve ratios, allowing them to lend to sub-prime lenders as well.
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Unknown titlelso suggest large non-banks be required to maintain a cash reserve ratio. For banks this ratio is 3%,reduced from 4% in a measure the central bank imposed that is to be reversed after March 31. <span>The move could be a huge cash drain for the sector which is currently free from maintaining these reserve ratios, allowing them to lend to sub-prime lenders as well. The proposal is expected to recommend a phased implementation of the reserve ratios, giving non-banks time to comply, one official said. “Cost of compliance to rules and regulations sho Summary
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